Available

Available

Red Cliff Pointe

Grand Junction, CO 81501

Price

$5,100,000

Cap Rate: 7.10%

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Value-Add Center

Blue West Capital is pleased to exclusively offer for sale Red Cliff Pointe, a prime neighborhood center in Grand Junction, CO – the county seat of Mesa County. This multi-tenant commercial property spans 54,358 square feet, sits on 4.36 acres, and is zoned Mixed-Use (MU-2), allowing for storage, retail, manufacturing, healthcare, education, and many other uses.

Red Cliff Pointe is strategically located at the signalized intersection of North Avenue and 28 Rd, with visibility to over 30,000 vehicles per day. North Avenue is a major east-west thoroughfare in the city. The center also benefits from significant foot traffic due to anchor tenants CSL Plasma (S&P: A-), Aerocare/AdaptHealth (S&P: B+), and Comfort Dental (#1 in the state, and #2 nationwide according to Placer.ai).

Since the 2020 census, Grand Junction has grown by 7.48%, with an annual growth rate of 1.77%, supported by a diverse economy in healthcare, education, tourism, and energy. Colorado Mesa University and several major healthcare facilities, including St. Mary’s Medical Center, contribute to its economic stability. The region is also known for its outdoor recreational opportunities, attracting year-round tourists for activities such as hiking, biking, and wine tasting in the nearby vineyards. This combination of accessibility, economic stability, and lifestyle appeal makes Grand Junction an attractive location for residents and businesses.

Investment Highlights

  • Value-Add Opportunity: 80% occupancy with potential to significantly increase rents through lease-up.
  • Attractive Pricing: Priced below replacement cost at $94/SF.
  • Stable Medical Tenants: 60% of the Gross Leasable Area (GLA) is occupied by medical tenants.
  • Investment Grade Anchor Tenants: 48% of the GLA • CSL Plasma - (S&P: A-) invested over $1,000,000 into their build out. • Aerocare/AdaptHealth – (S&P: B+) new distribution location for the Western Slope.
  • Growing Population: Grand Junction's population has grown by 7.48% since 2020, with an annual growth rate of 1.77%.

Location Highlights

  • Prime Location: Positioned at a signalized intersection on North Avenue, a major east-west thoroughfare in Grand Junction.
  • Strategic Location: Located in Grand Junction, the largest city on Colorado’s Western Slope and the county seat of Mesa County.
  • High Visibility: Property benefits from exposure to over 30,000 vehicles per day.

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Contact Information

650 S Cherry St | Suite 920
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031